Carrier Global Corporation $CARR Shares Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 172.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,492 shares of the company’s stock after buying an additional 8,546 shares during the period. Manning & Napier Advisors LLC’s holdings in Carrier Global were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Carrier Global during the fourth quarter worth approximately $380,299,000. Ameriprise Financial Inc. lifted its holdings in Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after purchasing an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Carrier Global by 461.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after purchasing an additional 2,022,136 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Carrier Global during the 4th quarter worth $99,839,000. Finally, PineStone Asset Management Inc. boosted its position in Carrier Global by 34.6% during the fourth quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after acquiring an additional 1,837,985 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE:CARR opened at $69.41 on Monday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The stock’s fifty day moving average is $68.04 and its two-hundred day moving average is $62.15. The company has a market capitalization of $57.65 billion, a P/E ratio of 45.67, a P/E/G ratio of 2.78 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts expect that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

A number of analysts have commented on CARR shares. BNP Paribas Exane initiated coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Wolfe Research restated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a report on Thursday. Wells Fargo & Company upped their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Sanford C. Bernstein started coverage on Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective on the stock. Finally, Argus boosted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $73.46.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.